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While the cost of education in Singapore can be relatively higher compared to other Asian countries, the government provides tuition fee discounts and subsidies for local and international students. In this article, we will explore some of the most affordable universities in Singapore, along with their programs, fees, and available financial assistance. How Affordable Are Universities in Singapore? While Singaporean universities may not be the most affordable in Asia, the government offers financial aid to international students. These grants enable students to benefit from lower tuition fees than other international students. Additionally, many scholarships are available to support students financially throughout their academic journey. Scholarships in Singapore Read More What is the Cost of Living in Singapore? It is important to note that the cost of living in Singapore can be higher than in other Asian countries. Accommodation expenses typically constitute a significant portion of the budget. For more cost-effective options, students can explore the possibility of securing a place in student residences or seeking affordable rental accommodations. The official currency in Singapore is the Singaporean dollar (SGD), with an exchange rate of approximately 1 SGD = 74 INR. For instance, renting a one-bedroom apartment in Singapore can range from approximately 1,18,700 INR to 2,04,500 INR, depending on the location and size of the unit. Monthly expenses for public transportation can amount to around 8,100 INR. Depending on personal preferences, groceries can cost approximately 15,000 to 18,750 INR monthly. Eating out can vary in cost, with some local restaurants and street markets offering meals for less than 750 INR. At the same time, higher-end establishments may charge more due to Singapore's popularity as a tourist destination. Top Value German Universities Read More Cheapest Universities in Singapore 1. National University of Singapore (NUS) Tuition Fee Range: 4,00,000 INR to 9,00,000 INR per year (varies by course and program) The National University of Singapore (NUS) is Singapore's oldest and largest higher education institution. It offers various programs across disciplines and consistently ranks among the top universities globally. NUS is known for its academic excellence and is divided into 17 schools and faculties, including business, medicine, arts and social sciences, and engineering. The university also collaborates with prestigious international institutions to provide exceptional learning opportunities. 2. Nanyang Technological University (NTU) Tuition Fee Range: 3,50,000 INR to 7,50,000 INR per year (varies by course and program) Established in 1981, Nanyang Technological University (NTU) is the second-largest university in Singapore. It offers a wide range of humanities, arts, social sciences, business, science, and engineering programs. NTU is known for its research and innovation and consistently ranks among the top universities globally. 3. Singapore Management University (SMU) Tuition Fee Range: 6,50,000 INR to 12,50,000 INR per year (varies by course and program) Singapore Management University (SMU) was established in 2000 and specialized in business and social sciences. It offers undergraduate and graduate programs across various disciplines. SMU emphasizes employability and provides internship programs in collaboration with companies to enhance students' practical skills and work experience. 4. Singapore University of Technology and Design (SUTD) Tuition Fee Range: 8,00,000 INR to 14,00,000 INR per year (varies by course and program) The Singapore University of Technology and Design (SUTD) was established in 2009 and focused on design, humanities, arts, social sciences, data science, and artificial intelligence. It is a specialized institution with a commitment to innovation and collaboration. SUTD offers programs that differ from those offered by universities in the United States, such as partnerships with prestigious institutions like MIT and Duke University. 5. Singapore University of Social Sciences (SUSS) Tuition Fee Range: 10,50,000 INR to 17,50,000 INR per year (varies by course and program) The Singapore University of Social Sciences (SUSS) was established in 2005 and offers various flexible part-time programs. SUSS specializes in humanities and behavioral sciences, science and technology, law, business, and human development. It prioritizes partnerships with polytechnics and overseas universities to provide accelerated pathways and diverse learning opportunities. While education costs in Singapore may be relatively higher compared to some Asian countries, the government's provision of tuition fee discounts and subsidies for international students makes pursuing education in Singapore an attractive option. The National University of Singapore, Nanyang Technological University, Singapore Management University, Singapore University of Technology and Design, and Singapore University of Social Sciences offer excellent programs at affordable rates. By taking advantage of available scholarships and financial assistance, students can navigate the cost of living in Singapore and access world-class education in a dynamic and vibrant environment. Talk To An Expert

In the previous article, we discussed NFO in mutual funds. In this article, we will discuss CAGR in mutual funds CAGR or Compound Annual Growth Rate refers to the mean annual growth of any investment over a period usually longer than a year. It is an accurate way to calculate and determine the return for investment portfolios, and individual assets that may rise or fall in value with time.  Investment consultants who boast about their market knowledge and funds advertising their returns use the phrase CAGR. What is CAGR?  The compound annual growth rate, or CAGR, measures your investments' yearly compounding rate. Let's spend some time considering the word compounding. Imagine you put Rs 1,000 into stock and received a 10% return. In the first year, the stock price will have increased by Rs. 100. Now that we are in the second year, the price has risen by 10% once again.  Will the cost increase by Rs 1,200 after two years? The answer is no. After a year, your initial investment of Rs. 1,000 has increased to Rs. 1,100. At this point, a 10% growth of Rs. 1,100 increases the investment's worth to Rs. 1,210 after two years. The fundamental idea behind CAGR, or compound annual growth rate, is compounding. https://youtube.com/shorts/HMvmvNppjtk?feature=share How does the compound annual growth rate work?  Several restrictions are associated with calculating the mean or arithmetic average of results. Because it offers a rate of return that is smoothed, CAGR aids in overcoming them. It may be used to compare the success of various assets over time and provides a reasonable prediction of the yields from an investment when compounded yearly.  Most of the time, when we evaluate the success of our assets, we are just interested in the total return. However, we frequently fail to consider the temporal worth of money. CAGR differs in this manner. In actuality, CAGR prefers taking the time value of money. CAGR calculator and mutual funds  Mutual fund investors can benefit significantly from the CAGR calculator. This can help you find out how good-performing your fund is for helping you take the required investment decisions. Uses of a CAGR in Mutual fund  Compare returns between different funds and benchmarks  The CAGR calculator may also be used to contrast the returns you receive from one fund with those of other funds of a similar type. This might help you understand the mutual fund's performance compared to its competitors. For further clarity, you may also evaluate against the benchmark indexes.  How should investors interpret the compound annual growth rate over a period of time?  As we previously mentioned, CAGR displays the average annual rate of return on your assets. CAGR accurately gauges an investment's growth (or decline) over time. A typical rule of thumb is that stocks generally favor firms with CAGR growth over 4-5-year intervals.  Profits are expected to be reinvested after each year of the time horizon for calculating CAGR. The CAGR is illustrative and inaccurate. This is so that people understand that when you state something like "CAGR has risen 15% over five years," it does not always indicate that it did so continuously over the five years. It may have fluctuated between positive, flat, and even negative growth during this time. Tax Saver Mutual Funds Read More Advantages of CAGR  It enables investors to evaluate the returns in various situations. For instance, you may model different CAGR scenarios to see how much your original investment would increase over time. It helps with financial planning.  It is simple to use and comprehend. Only the beginning value, the end transaction, and the preferred investment time must be entered. You may simplify the calculation using Internet calculators, excel spreadsheets, or scientific calculators.  Absolute returns over a longer time horizon may be deceptive. In these situations, the CAGR can assist you in comparing with other comparable instruments to see whether you outperform the market. For instance, if you previously bought units of an equity fund and their value has since grown, you can efficiently utilize the CAGR to evaluate the average yearly gains you have achieved.  When comparing CAGR to the cost of funds, it is essential to remember that CAGR is a return on the capital metric. For instance, to make a spread, you would need to look at an investment with a CAGR return of above 12% of your cost of funds was 9%.  Small Cap Mutual Funds Read More CAGR and mutual fund returns While investing in mutual funds, you need to know if it’s worthy of an investment. You need to measure the performance of a mutual fund over a period of time. Mutual fund fact sheets usually give you growth rates across various time horizons of a fund, which makes it difficult to understand the performance of a fund based on multiple rates. If you knew how it grew gradually over a specific period of time, it would get easier. CAGR does that, and it gives the investor the single annual growth of a fund. CAGR is one of the effective ways to calculate fund performance.   Limitations of CAGR CAGR doesn’t take into account the volatility of investment since it gives you a smoothed rate of return over a period of time. CAGR calculations will be accurate only if you don’t withdraw your initial investment and reinvest the returns you gained out of an investment. In case you withdraw or add funds to the investment, the calculation may not be accurate. CAGR can also be used to compare funds that have similar investment periods. CAGR is usually used to calculate returns for extended periods, and it may not help in calculating the rate of returns over small investment tenure.     Points to remember about CAGR The compound Annual Growth Rate assumes compounded growth, which basically means any returns you gain on the investment are reinvested. If you had invested Rs. 200 and earned a return of Rs. 30 after one year of investment, your gain of Rs. 30 gets reinvested. If you plan to use CAGR for two different investments, you need to make sure to keep the same time period for both investments because CAGR offers a rate of return over a specific time period. You may not be able to know the risks involved in the investment and the volatility of an investment with the help of CAGR.   FAQs What is a good CAGR for mutual funds?   An ideal compound annual growth rate can be between 8% and 12% for a long-term investment.   What does a 10% CAGR mean?   CAGR is the average rate at which a fund moves from one value to another within a specific period. Imagine you put Rs 1,000 into stock and received a 10% return. In the first year, the stock price will have increased by Rs. 100. Now that we are in the second year, the price has risen by 10% once again.    Will the cost increase by Rs 1,200 after two years? The answer is no. After a year, your initial investment of Rs. 1,000 has increased to Rs. 1,100.   At this point, a 10% growth of Rs. 1,100 increases the investment’s worth to Rs. 1,210 after two years. The fundamental idea behind CAGR, or compound annual growth rate, is compounding.      Is a CAGR of 5% good?   For large-cap companies, the compound annual growth rate of 5 – 12% is considered good.   What does 5-year CAGR mean?   CAGR, or Compound Annual Growth Rate, refers to the mean annual growth of any investment over a period usually longer than a year. It is an accurate way to calculate and determine the return for investment portfolios and individual assets that may rise or fall in value with time.  CAGR is a beneficial formula for estimating an investment's growth rate. It can help enhance the returns on the assets or evaluate historical profits as well. How much CAGR is considered good?  A good CAGR for mutual funds depends on the investor's financial goals and risk tolerance. Generally, a CAGR of 12-15% is considered good for equity mutual funds, while a CAGR of 8-10% is considered good for debt mutual funds. It is important to note that these figures are not guaranteed and can vary depending on market conditions and the specific mutual fund in question. Investors should consider their investment objectives, time horizon, and risk appetite when evaluating the potential returns of mutual funds.  How is CAGR calculated in mutual funds?  CAGR, or Compound Annual Growth Rate, is a measure of the annualized rate of return of an investment over a specific period of time. In mutual funds, CAGR is calculated using the formula: [(Ending value/Beginning value)^(1/number of years)] - 1. The beginning value is the value of the investment at the start of the period being measured, while the ending value is the value of the investment at the end of the period. The number of years is the length of the investment period. By using this formula, investors can assess the average annual growth rate of their mutual fund investment.  How can I use CAGR to compare mutual funds?  CAGR can be a useful tool for comparing the returns of different mutual funds over the same investment period. By calculating the CAGR for each fund, investors can get a sense of the average annual growth rate and compare the performance of different funds. However, it is important to compare funds with similar investment objectives and risk profiles. For example, comparing the CAGR of an equity mutual fund with a bond mutual fund may not provide meaningful insights due to the different risk-return characteristics of these asset classes. Additionally, CAGR should not be the only factor considered when selecting a mutual fund, as past performance does not guarantee future results. Investors should also consider other factors such as fund expenses, investment strategy, and the expertise of the fund manager.  What are the limitations of using CAGR to evaluate mutual funds?  While CAGR is a useful metric for evaluating the performance of mutual funds, it does have certain limitations. One limitation is that CAGR assumes a steady rate of growth over the investment period and ignores volatility. In reality, mutual fund returns can fluctuate significantly from year to year. Additionally, CAGR does not account for when an investor adds or withdraws funds from the portfolio over the period being measured. This can impact the overall return and may not be accurately reflected by the CAGR. Lastly, CAGR may not be representative of the fund's performance if the investment period is short. It is important for investors to consider other factors such as risk-adjusted returns, expense ratios, and fund manager track record when evaluating mutual funds.  TALK TO AN EXPERT

Previously we discussed what is the net asset value. Now we will discuss what is rebalancing? And its importance Over time, your portfolio might not align with your investment or savings objective because of the volatility in the market. Sometimes, some asset classes may outperform the other asset classes in your portfolio and vice versa. So, accordingly, you need to rebalance your portfolio. What is Rebalancing? Rebalancing a portfolio means changing the weightage of assets in your portfolio holdings. It is not necessary or compulsory to change your portfolio allocation. Not taking any call for rebalancing is also the process of rebalancing. In simple words, let’s say if you are holding equity as 50% and debt as 50% in your portfolio, as per the market conditions, and financial goal, and considering other factors, you may not require changing the allocation. You may require doing a frequent review of your portfolio but may not require rebalancing. Keeping track of your portfolio and rebalancing it whenever required is essential.   For example, suppose you want to accumulate Rs 1 Crore for your daughter’s higher education over 15 years, so you need to start with a SIP Amount of Rs 17,018/- per month. Target Amount for Education₹ 1,00,00,000Investment Horizon15 YearsRiskHighSIP Amount₹ 17,018Actual Wealth Accumulated₹ 1,00,00,153Portfolio XIRR14.57% Let’s see how your portfolio has grown over time, even in turbulent times, if you were doing portfolio rebalancing. We will see in comparison with BSE Sensex as a Benchmark. Note: Period understudy is between Jan-07 – Dec’21. LHS is Investment Value & RHS is BSE Sensex Value.Source: BSE Sensex By looking at the above graphical presentation, you can see that the portfolio has been rebalanced from time to time. All the arrows represent when the rebalancing has been done. Here, we did not try to time the market. If you look at the period from January 2019 to December 2021, the portfolio's volatility is reducing. To understand this better, look at the March 2020 crash period. BSE Sensex has been down by almost -29% from its recent pick in Dec '19, whereas the portfolio is down by almost 5% only because rebalancing in the portfolio is being done continuously. When you do goal-based investing, the idea is to achieve the goal with optimized risk instead of running out of cash. The above portfolio has been rebalanced to reduce the risk when you are close to your target; the risk comes down to low risk from the high-risk category. In the end, the capital should be preserved because, in a pre-defined event like child education, child wedding, retirement, etc we cannot delay it, but we can preserve our capital gains by shifting them to a safer asset class. The below table shows how the risk in the portfolio has been reduced. Investment periodNo of yearsRisk0 -11 years11 yearsHigh12 years1 yearAbove average13 years1 yearAverage14 years1 yearBelow average15 years1 yearLow Now, you may say that if you remain invested without rebalancing your portfolio, you could have achieved your target because the market has recovered after that crash. Yes, you are right, but that would be with a very high risk. Let's assume a situation where the market did not recover after the crash. Then, you will not be able to fund your daughter's education. So basically, you derailed from the entire goal. The time and money you have invested for the past 15 years come down to zero. Because that downside risk is very high, you cannot push that pre-defined event/goal. Conclusion: Rebalancing the portfolio is critically essential. In a pre-defined event/goal, you cannot delay it. But with the help of rebalancing, you can achieve it even if the market crashes. So, consider rebalancing a crucial part of your portfolio. FAQs What is the rebalancing investment strategy? Rebalancing is an investment strategy that involves adjusting the portfolio's asset allocation back to its original target or desired level. It's done periodically, typically annually or semi-annually, to maintain the desired risk level and take advantage of market fluctuations. This ensures the portfolio remains in line with the investor's long-term objectives. What is the 5/25 rule for rebalancing? The 5/25 rule is a guideline for portfolio rebalancing, suggesting that investors should consider rebalancing their portfolio if an asset's allocation deviates by more than 5% from the target allocation (5% threshold) or every 25% change in the portfolio's overall value (25% rule). What are the types of rebalancing strategies? There are three main types of rebalancing strategies: Time-based rebalancing: Adjusting the portfolio at fixed intervals, like annually or quarterly. Rebalancing when the asset allocation departs from the target by a specific proportion is known as threshold-based rebalancing. Opportunistic rebalancing: Rebalancing when significant market events create deviations from the target allocation.

Becoming a first-time parent is an incredible journey that brings a mix of excitement, joy, and a touch of apprehension. As you prepare to welcome your little bundle of joy into the world, it's natural to feel overwhelmed by the responsibilities that lie ahead. From financial planning to nurturing your baby's development and balancing work and parenthood, there's a lot to consider. In this comprehensive guide, we will equip you with the knowledge and tools to navigate parenthood with confidence while also focusing on savings. So, let's dive in and embark on this remarkable adventure together! https://www.youtube.com/watch?v=tdwqQH0xkFw Beginner's Parenting Guide | First Timers 1. Preparing for Parenthood a) Financial Planning: Parenthood comes with financial responsibilities, so it's crucial to assess your current financial situation and set realistic goals. Consider the costs of pregnancy, childbirth, and postnatal care, as well as ongoing expenses like diapers, formula, clothing, and healthcare. By understanding your financial standing, you can plan and budget effectively. b) Creating a Budget: Creating a comprehensive budget is an essential step in managing your finances as new parents. Track your income and expenses, and allocate funds for essential items while prioritising savings. Look for ways to cut costs and save money by comparing prices, buying second-hand items, or opting for cost-effective alternatives. c) Building an Emergency Fund: An emergency fund acts as a safety net for unexpected expenses. Aim to save at least three to six months' worth of living expenses, so you're prepared for any unforeseen circumstances that may arise. d) Insurance Coverage: Review your health insurance policy to understand the coverage for prenatal care, childbirth, and paediatric care. Additionally, consider life insurance and disability insurance to protect your family financially in case of unfortunate events. https://www.youtube.com/watch?v=znmIpoajuvY 2. Nurturing Your Baby a) Feeding and Nutrition: Consult with a paediatrician to determine the best feeding method for your baby—whether breastfeeding or formula feeding. Ensuring your baby receives proper nutrition is essential for their growth and development. b) Sleep and Bedtime Routine: Establishing a consistent bedtime routine can promote healthy sleep habits for both you and your baby. Create a calm and soothing environment that encourages restful sleep. c) Diapering and Potty Training: Choose between disposable and cloth diapers based on your preferences and budget. As your child grows, follow a structured potty training program to transition from diapers successfully. d) Health and Wellness: Regular check-ups with a paediatrician are vital to monitor your baby's growth, development, and overall well-being. Stay up-to-date with vaccinations and seek medical advice whenever necessary. https://www.youtube.com/watch?v=NKh7YxTo9yc 3. Childproofing Your Home a) Safety Measures: Identify potential hazards in your home and take the necessary steps to eliminate them. Install safety gates, outlet covers, and cabinet locks, and secure furniture and heavy objects to prevent accidents. b) Baby proofing Checklist: Take precautions to create a safe environment for your little explorer. Remove small objects and choking hazards from their reach, and ensure all electrical outlets are secured. Education Planning Advice for New Parents Read More 4. Early Childhood Education a) Reading and Language Development: Start reading to your baby from an early age to promote language development and foster a love for books. Provide age-appropriate books and engage in interactive reading sessions to stimulate their imagination. b) Cognitive and Motor Skills: Encourage exploration and play to stimulate cognitive and motor skills. Provide toys and activities that promote problem-solving, creativity, and physical development. c) Social and Emotional Development: Create a nurturing and supportive environment for your child's social and emotional development. Encourage social interactions with other children and family members, and foster emotional expression by listening and responding to their needs. https://www.youtube.com/watch?v=peDFdmed0Nw 5. Building a Support System a) Seeking Parenting Resources: Expand your knowledge by reading books, articles, and online resources related to parenting. Attend parenting classes or workshops to learn from experts and gain valuable insights. b) Joining Parenting Communities: Connect with other parents through local groups, online forums, or social media platforms. Share experiences, seek advice, and build a support network that understands the joys and challenges of parenthood. c) Seeking Professional Help: Remember, it's okay to ask for help. Consult professionals such as paediatricians, therapists, or lactation consultants when needed. If you're feeling overwhelmed or experiencing postpartum depression, reach out for the support you deserve. Financial Goals for Millennial Parents Read More 6. Balancing Work and Parenthood a) Maternity and Paternity Leave: Understand your rights and benefits regarding maternity and paternity leave. Plan for the transition back to work and explore childcare options that align with your needs. b) Flexible Work Arrangements: In today's world, flexible work arrangements are increasingly common. Consider remote work options or flexible hours that can accommodate your parenting responsibilities. Open communication with your employer about your needs is crucial. c) Childcare Options: Research and choose the best childcare option for your family. Explore daycare centres, in-home care, or nanny services based on your preferences, budget, and availability. Financial Planning Tips for Parents Read More 7. Saving for Your Child's Future a) College Savings Plans: Research and open a college savings account, such as a 529 plan. Contribute regularly to save for your child's future education expenses. Starting early gives you more time to grow your savings. b) Investment Options: Explore long-term investment options to grow your savings. Consult with a financial advisor to make informed decisions based on your financial goals and risk tolerance. c) Teaching Financial Literacy: Educate your child about money management and saving from an early age. Encourage responsible spending habits, introduce the concept of saving, and teach them the value of delayed gratification. https://www.youtube.com/watch?v=BD_LIbnYDFQ 8. Self-Care for Parents a) Managing Stress: Parenthood can be overwhelming at times, so it's crucial to prioritise self-care activities. Practice mindfulness, engage in regular exercise, and indulge in hobbies that bring you joy and relaxation. b) Prioritising Time for Yourself: Carve out time for yourself to recharge and rejuvenate. Seek support from your partner, family, or friends to take breaks when needed. Remember, taking care of yourself enables you to be the best parent you can be. c) Seeking Support and Help: Don't hesitate to reach out for help when you need it. Whether it's leaning on your support system or seeking professional assistance, know that you're not alone on this journey. Conclusion Becoming a first-time parent is a transformative experience filled with countless moments of love, growth, and discovery. By following this comprehensive guide, you can navigate the joys and challenges of parenthood with confidence while also focusing on savings. Remember to cherish the precious moments, embrace the adventure, and prioritise your child's well-being, your own self-care, and seek support when needed. Parenthood is an extraordinary journey, and you're ready to embark on it with all the love and dedication in your heart. Enjoy every step along the way! FAQs What financial planning should I do before welcoming my baby? Assess your finances, create a budget, build an emergency fund, and review your insurance coverage. What are some ways to support my child's early development? Read to them, provide stimulating toys and activities, and encourage social interactions. How can I ensure my baby receives proper nutrition? Consult a paediatrician to determine the best feeding method (breastfeeding or formula) for your baby. How can I balance work and parenthood? Understand your leave options, explore flexible work arrangements, and choose the best childcare solution for your family. Talk To An Expert

The cost of a master's degree in Canada can be anywhere up to 22,88,090.71 lakhs. The course structure is 1-2 years, including research and coursework.  As the structure of college fees and syllabus varies from university to university, you must plan the finances. Apart from the education expenses, the guardians must meet every child's needs, from a laptop to a mess and study tour expenses. https://www.youtube.com/watch?v=nyV0rwJu-7c Should your child study master's in India or Canada?  The table here will help you find the apt answer to your question:  Parameters Masters in India Masters in Canada Total Costs of Masters ₹ 2-4 lakhs (yearly) Around ₹ 15-30 Lakhs (Yearly) (Minus the living costs) Job opportunities If you own a Masters’s degree from a reputable college, you may get grab a handsome package in a reputed company. Students pursuing a PG (Post-Graduation degree in Canada, mainly apply for Master’s in Healthcare, tech, and engineering is highly searched for by reputed companies.  Education standards Good research opportunities matter more than the coursework program Universities in Canada ensure top-notch research faculty. As per QS Education System Strength Ranking, Canada is among the top 5 educational standards. Top Universities University of Delhi Banaras Hindu University, IIT Delhi, IGNOU University of Toronto McGill University  University of British Columbia        Fresher’s salary  The average salary of a fresher after a master’s in India is Rs, 20,000/month.  The average salary of a fresher after a Masters’s in Canada is around 2,68,527/month.  Should you consider India or Canada? If you want to remain around family, share uncertainty regarding jobs abroad, and seek affordable education, India is the best place to be. If you want to ensure a high standard of living, have sufficient financial backup, and be confident about your skills to gain opportunities, you can pursue Masters's in Canada.  MBA or PGDM in Canada? Read More How much you must save for your child’s master’s in Canada?  You would need to save around 3-17(approx.) lakhs in a year for 5 to 10 years to comfortably send your child to study in Canada. It is a fairly expensive country which means your savings fund needs to be sufficient to help them manage expenses despite the rupee fall and increase in the prices of goods and services. 6 ways to fund masters in Canada   The expenses are hauntingly terrific. Here is how you can cover up tension-free:   1. Mutual Funds   Mutual funds are the best way to invest and reap returns after some years., If your child has around 5-10 years to get into university, it is advisable to invest in mutual funds. These funds help double up your investments if invested for a long time. Moreover, it will help you counter inflation in the later years. These are subjected to market risks. Hence, consult an expert before investing.  2. Scholarships  To qualify for scholarships in Canada, one must maintain an average of at least 80%, as determined by the Admissions and Financial Awards Office. Applicants with a higher than 80% average may qualify for large scholarships.  Global Affairs in Canada (GAC) provides multiple scholarship programs to international students to qualify. These include scholarships from Government and Research Council. The country also offers scholarship programs for talented postgraduates aiming for Canada. There are more ways to apply for scholarships from India to Canada:   Agence Universitaire de la Francophonie (AUF) is the largest network that provides higher education across the globe. You may make an application for a grant to fund education for up to 10 months.  International Scholarships from Canadian universities. 3. International grants from different Canadian universities  There is a different criteria to apply for grants from Canadian universities. Students from Nunavut, Quebec, and Northwest territories are subjected to following a distinct procedure to apply for grants.  Some Canadian universities offer individual scholarships to international students applying to a particular university. Before applying for a university, check whether or not it offers any grants or scholarships. The qualification criteria may vary from university to university in Canada.  4. Research Council scholarships in Canada  The government of Canada and the Research Council provides scholarships for international students. To ensure the highest research standards, Canada provides research grants for academic works in different fields in Masters. Check the eligibility criteria for the research council Scholarships.  5. Accelerate programs   It is for full-time postgraduate international and national students in Canada. These programs fund interesting project ideas and help build networks to establish businesses outside Canada. In this, students must qualify for the standards set up by the accelerated program. By doing so, the individual can earn a stipend of up to $10,000 for four months. 6. Education Loans: Finally, you can always opt for an education loan when you have exhausted all your efforts. Connect with the best banks that offer help interest rates, and help your child figure out a repayment plan.   You can easily fund your child’s masters in Canada if you start saving and investing early on. Find out the cost using the college cost calculator and explore the recommended funds that can help you scale your child’s education corpus in no time. Don’t forget to consult a financial advisor before starting. FAQs How do I get full funding for a Masters in Canada?   To get full funding for a Master's in Canada, you can apply for scholarships, grants, and assistantships offered by universities, research institutions, and the Canadian government. Additionally, explores funding opportunities from international organizations and private foundations.  How can I get a free Master's in Canada?  Getting a completely free Masters in Canada is challenging, but you can explore fully funded scholarships, assistantships, and grants. Additionally, consider universities with low tuition fees or work-study programs to offset costs.  How to get a 100% scholarship for Master in Canada?  Getting a 100% scholarship for Masters in Canada is highly competitive. To increase your chances, maintain a strong academic record, research available scholarships, and submit outstanding applications showcasing your achievements, skills, and potential contributions.  TALK TO AN EXPERT

Today's expanding world of opportunity benefits greatly from an education loan. Your child has so many educational courses to choose from. A decent education is essential for your child's growth and development, and several institutions throughout the world provide student loans with low-interest rates to those who cannot rely on their savings. Banks and other financial organizations provide outstanding education loans with a reasonable interest rate and loan payback time.  An education from a reputable university is the first step to a prosperous profession. The cost of college expenses is rising quickly, though, and for parents who might not have enough money, taking out an education loan sounds like a perfect alternative for their child. https://www.youtube.com/watch?v=tdwqQH0xkFw In reality, the cost of higher education overseas and for Indian parents has increased enormously due to the rise of the dollar value versus the rupee. This pattern is also observed in TransUnion CIBIL data, where the average ticket size of a newly issued student loan increased by 48 percent from INR 5.73 lakhs in 2015 to INR 8.5 lakhs in 2018.  So, here are the five best ways if you are planning to get a student loan for your kid and help them to pursue higher studies easily. Tips to Consider Before Taking an Education Loan Choose the right course  Let your child choose a subject that fascinates them enough to make it their career. Don't allow your child to do what the majority of others are doing to deter them from following a passion of yours. For example, a student who is required to study engineering could not do well or even finish the course if they are least interested in the subject  However, if the student in question were interested in law, he would make a brilliant attorney and have a successful profession as well as a happier life. Therefore, a wise piece of advice for parents is to let their kids discover their passion by researching the course's requirements before making a choice. After completing their education, you should consider your child’s career possibilities and see if they can find employment to help you pay off the debt. Ways to Tell Your Child about Education Loan Read More Research about banks  Make sure to do your thorough research before choosing a bank. Avoid making rash or emotional decisions when applying for a loan. By conducting an extensive study, you can comprehend the varied interest rates, processing costs, terms, and conditions, etc. The amount you must repay varies depending on each bank's interest rate. You will need to spend and repay a certain amount of money for every point in the interest rate. Verify if your loan's interest rate is fixed or fluctuating. Making a choice between these rates is crucial since it significantly impacts how you intend to repay your loan and how much your EMI will be.  Borrow only what you need  If you want to take out an education loan for your child, resist the urge to request the utmost amount permitted. If your child has any financial awards, such as scholarships, you should constantly assess how much you have or how much you can afford to support your child’s education. Decide how much you want to borrow from the bank as an education loan after doing the math for the amount you have. As a parent, you must help your kids understand that every amount they take will have a specific interest rate levied on it. Hence, it is essential to borrow only the amount they can repay. https://www.youtube.com/watch?v=4gTQkdePOWM Educate your child about the loan  Whether you want your kid to continue their education in India or overseas, you should be aware of the specifics of their current coursework and any loans you have taken out. A VISA will allow your child to enter a foreign nation but does not give them access to everything. They could be questioned about their intentions and entry procedures at the airport. Your child should be ready to answer any queries about their course, organization, teachers, tuition costs, loan amounts, repayment terms, interest rates, etc. Your kid should also be aware of their personal information and information about their families, such as names, birthdates, residences, levels of education, and jobs.  Plan for repayment   Even though interest starts to accumulate from the first month, students may occasionally be given a moratorium or one-year grace period before they must begin making loan payments. One advantage of this time frame is that, even if your child can pay the EMI after this grace period, you can start repaying the EMIs early and assist your child in paying off the loan more quickly by doing so.  Early investment and saving can help reduce the financial burden that a high-quality education places on families, but some parents may not have the opportunity to do so since they are already dealing with admissions. An education loan could be the best option in such situations.  However, choosing the correct course, university, and financial institution may assist enhance the possibilities of simple loan payback, making the student debt-free sooner rather than later. This is in addition to creating a decent repayment plan. FAQs What is an education loan? An education loan is a type of loan used for educational expenses such as tuition fees and education-related expenses like books, accommodation, living expenses, and much more. Education loans can be availed for studying only and one of the requirements is an offer letter from a reputed university/college. Who can apply for an education loan? The primary creditor is a student. A co-applicant may be a parent, partner, or sibling. How can I apply for an education loan? You can visit the Education Loans page on the EduFund website and fill up a simple form. You will get all the details, along with guidance from experts in the field. TALK TO AN EXPERT

As per SEBI regulations, an ELSS fund has to invest a minimum of 80% of its assets in equity and equity-related instruments. It is a savings scheme that comes with tax benefits. An individual can claim a tax rebate of an amount up to Rs. 1.50 lakh and save up to Rs. 46,800/- in a financial year. Advantages: Tax Deduction: Any investor investing in an ELSS fund can claim the tax benefit of an amount up to Rs. 1.5 Lakh under Section 80C of the Income Tax Act and save up to Rs. 46,800/- a year. Shortest Lock-in Period: Only the ELSS fund is the scheme that comes with the shortest lock-in period when compared to other tax savings options available. Higher Returns: ELSS is the only scheme among other options available that have delivered higher returns. The habit of Savings: An individual can develop the habit of savings by investing in these funds through SIP (Systematic Investment Plan) with as low as Rs. 500. Top 10 ELSS mutual funds S.No.Fund Name3-Yr Annualized Performance1Quant Tax Plan Direct Option Growth Plan36.22 %2Bank of India Tax Advantage Fund Direct Plan-Growth25.13 %3IDFC Tax Advantage (ELSS) Fund Direct Plan-Growth22.18 %4Canara Robeco Equity Taxsaver Fund Direct Plan Growth Option21.59 %5Mirae Asset Taxsaver Fund Direct Plan-Growth20.94 %6UTI Long-Term Equity Fund Growth Option Direct19.99 %7Mahindra Manulife ELSS kar Bachat Yojana Direct Plan-Growth19.91 %8DSP Tax Saver Fund Direct Plan-Growth19.61 %9PGIM India ELSS Tax Saver Fund Direct Plan-Growth19.32 %10UTI Long Term Equity Fund Growth Option Direct18.87 %Note: Data as of July 24, 2022Source: Morningstar 1. Quant Tax Plan Direct Option Growth Plan Fund analysis: The fund’s objective is to generate Capital Appreciation by investing predominantly in a well-diversified portfolio of Equity Shares with growth potential. The risk grade is high and the return grade is high. The fund has a beta of 0.99 which means that the fund movement is very much relative to the market movement. The fund has a high risk (measured by standard deviation) than the category average. ProsConsWell-diversified portfolio.Tax benefit.Highly volatile. 2. Bank of India Tax Advantage Fund Direct Plan-Growth Fund analysis: The fund has outperformed the category average over the long-term period. The risk grade is below average and whereas the return grade is high. The fund has invested majorly in large-cap growth companies with 83.14% of its assets. The fund has low risk (measured by standard deviation) than the category average. ProsConsMajor holding is in Bluechip companies. Tax benefit.Fund has underperformed the category average in 1-Yr trailing returns. 3. IDFC Tax Advantage (ELSS) Fund Direct Plan-Growth Fund analysis: The fund is a consistent performer and has been rated 4 stars by Morningstar. The risk grade is high, and the return grade is high. The fund has a beta of 1.16 indicating an aggressive approach toward the stock selection. Along with investing in large-cap companies, the fund has exposure to mid-cap (19.32%) & small-cap (13.60%) companies. The fund has a high risk (measured by standard deviation) than the category average. ProsConsFund has outperformed the category average when the market was rising. Tax benefit.Fund has underperformed the category average when the market was falling. 4. Canara Robeco Equity Taxsaver Fund Direct Plan Growth Option Fund analysis: The fund has given consistent performance over the period. The risk grade is below average, and the return grade is high. The fund flows growth style of investing and the majority of holding is in large-cap companies. The fund holds a well-diversified portfolio. The fund has invested across market capitalization and sectors. The fund has low risk (measured by standard deviation) than the category average. ProsConsFund has outperformed the category average when the market was falling. Tax benefit.Fund has underperformed the category average when the market was rising. 5. Mirae Asset Tax Saver Fund Direct Plan-Growth Fund analysis: The fund is one of the top-performing funds in its category. It has outperformed the category average over the long-term period. The fund is rated 5-star by Morningstar. The risk grade is average, and the return grade is high. The fund follows a blended style of investing which indicates that the fund is holding both value and growth stock in the portfolio. The fund has good assets under the management of Rs. 11,494.59 crore, which shows the reliability of investors. The fund has a high risk (measured by standard deviation) than the category average. ProsConsFund has outperformed the category average when the market was falling. Tax benefit.Assets Under Management are high. 6. Union Long-Term Equity Fund Direct Plan Growth Option Fund analysis: The fund has outperformed the category average over the long term. The risk grade is average, and the return grade is high. The fund has a low beta of 0.95 indicating that the movement of the fund is less relative to the market movement. The fund has invested 85.27% in large-cap companies and the rest is in mid-cap (13.13%) & small-cap (1.60%) companies. The fund has invested across sectors. The fund has low risk (measured by standard deviation) than the category average. ProsConsWell-diversified.Tax benefit.The fund has a high expense ratio. 7. Mahindra Manulife ELSS Kar Bachat Yojana Direct Plan-Growth Fund analysis: The fund has given stable returns over the different trailing time periods. The risk grade is average, and the return grade is average The fund has a well-diversified portfolio of 49 holdings spread across sectors. The fund has majorly growth stocks in its portfolio. The fund has low risk (measured by standard deviation) than the category average. ProsConsFund has outperformed the category average when the market was rising. Tax benefit.Low Assets Under Management. 8. DSP Tax Saver Fund Direct Plan-Growth Fund Analysis: The fund’s objective is to generate medium to long-term capital appreciation from a diversified portfolio that is substantially constituted of equity and equity-related securities of corporates and to enable investors to avail of a deduction from total income, as permitted under the Income Tax Act, 1961 from time to time. The risk grade is above average, and the return grade is above average. The fund has a beta of 1.01 indicating fund movement is very much related to the market movement. The fund is rated 4-star by Morningstar. The fund has a relatively high risk (measured by standard deviation) than the category average. ProsConsFund has outperformed the category average when the market was falling. Tax benefit.The return grade is above average. 9. PGIM India ELSS Tax Saver Fund Direct Plan-Growth Fund analysis: The fund has outperformed the benchmark and the category marginally over the long-term period. The fund is rated 5-star by Morningstar. The risk grade is average, and the return grade is above average. The fund follows a blended style of investing, which means it has both value and growth stocks in its portfolio. The fund has low risk (measured by standard deviation) than the category average. ProsConsConsistent performer.Tax benefit.The fund has a high expense ratio. 10. UTI Long-Term Equity Fund Growth Option Direct Fund analysis: The fund has a well-diversified portfolio of 59 stocks, investing in growth stocks across market capitalization except for the energy sector, with major holdings in large-cap (69.73%) companies and the rest in mid-cap (24.14%) & small-cap (6.12%) companies. The risk grade is average, and the return grade is above average. The fund is rated 4-star by Morningstar and the fund has given satisfactory returns over the long term. The fund has low risk (measured by standard deviation) than the category average. ProsConsFund has outperformed the category average when the market was rising. Tax benefit.The fund has a high expense ratio. What are the features of ELSS Funds?  Here are some of the features of ELSS Funds to help you become an educated investor:  1. Lock-in period  ELSS Mutual funds have a lock-in period of 3 years. You can keep your money in the fund for longer than the given period but the 3-year period is mandatory. You cannot take the money out before this period ends.    2. Equity-based investment  One of the features of ELSS is that it is an equity-based investment. About 80% of investment is equity while 20% is invested in debt and hybrid funds. The portfolio is well-diversified and helps you as an investor beat the odds in the long run with sufficient exposure and risk management.  3. Portfolio Manager  ELSS mutual funds are managed by fund managers who have years of experience and adequate financial knowledge to make sound financial decisions. Your money is protected and managed by the best professionals.  4. Different ways to invest  When it comes to ELSS investments, you can either place a lump sum order or a SIP order. Some lumpsum amounts as little as Rs. 500 while some SIP investments start at Rs. 500 to Rs. 1000. You can invest more and build a bigger corpus by the end of the 3-year period to meet your financial goals.   5. Tax benefits   You can have up on taxes with ELSS mutual funds. This investment is covered under Section 80c of the Indian Income Tax Act, 1961. You can claim a tax refund of Rs. 1.5 Lakhs in a financial year. Thus a tool to save money and build a sizeable corpus for your financial goals.   What are the advantages of investing in ELSS Funds?  Some advantages of ELSS Funds:  1. Disciplined Investor  ELSS mutual funds have a lock-in period of 3 years which means that you will automatically become a disciplined and long-term investor. This helps you create a list of goals and manage your funds accordingly. If you invest via SIP, then making regular investments to this ELSS mutual fund plan is a great way to start.   2. Benefits of savings   ELSS Funds gives the opportunity to create wealth and save on taxes. The ELSS funds generate a minimum of 10%* investment (This is subject to change with market risks) and is considered tax deductible.   3. Tax Benefit  As per Section 80C of the Indian Income Tax Act, 1961, you can claim a tax rebate of INR 1.5 Lakh of your ELSS Fund investment. The gains from ELSS funds up to INR 1 lakh is not taxable by law, while above the set limit of INR 1 Lakh is taxable at 10%.  4. Lower lock-in period  ELSS Mutual Funds have a lock-in period. It is shorter than that of other investment tools like the National Pension Scheme (NPS), the Provident Pension Fund (PPF Scheme), and tax-saving Fixed Deposits. Your money is locked in for 3 years only.   5. Tax Savings   ELSS can save taxes and claim up to Rs. 1.5 lakhs under Section 80c of the Indian Income Tax Act.   Whom the funds are suited for?   ELSS are tax-saving funds that every investor should have in their portfolio. This fund adds value to your overall investment plan, helps you stay invested without any breaks, and saves you money in taxes. Whether you are a risk-loving or risk-averse investor, this type of investment is stable, managed by professionals, and has the dual benefit of creating wealth as well as saving your money in taxes.   Conclusion ELSS is the only equity-linked mutual fund scheme that provides Tax Benefits to its investors under Section 80 C of the Income Tax Act for an amount up to Rs. 1.5 Lac. And has the shortest lock-in period. There are two ways to invest in this scheme i.e., SIP (Systematic Investment Plan) or Lumpsum. The preferable mode of investing is Lumpsum as funds will be locked for 3 years. FAQs Is ELSS taxable after 3 years? ELSS has a lock-in period of three years. The gains generated up to Rs 1 lakh are tax-free, and any gains above this limit attract a long-term capital gains tax at 10% What ELSS means? ELSS stands for Equity Linked Savings Schemes. These are Mutual fund investment schemes that help you save tax and create wealth. It has a lock-in period of 3 years. Is ELSS better than PPF? Both ELSS and PPF are tax-saving investments. These investments allow you to create wealth while saving your current income tax. The former has a lock-in period of 3 years while the latter has 15 years. Are ELSS and SIP the same? No, SIP is a medium of investment while ELSS is an investment tool. You can start a SIP for an ELSS mutual fund. What are ELSS mutual funds?   ELSS mutual funds are equity-linked savings schemes that invest primarily in equity and equity-related instruments. They offer tax benefits under Section 80C of the Income Tax Act, making them an attractive investment option for those looking to save taxes while generating wealth in the long run. ELSS funds invest 80% of their corpus in equity-oriented instruments, which have the potential to generate inflation-beating returns.    What is the minimum and maximum investment amount for ELSS mutual funds?   The minimum investment amount for ELSS mutual funds varies from fund to fund and can range from Rs. 500 to Rs. 5,000. There is no maximum limit on the investment amount, but tax benefits are available only up to Rs. 1.5 lakh per financial year. This means that you can invest more than Rs. 1.5 lakh in ELSS funds, but you will not get any additional tax benefits on the excess amount.  What is the lock-in period for ELSS mutual funds?   ELSS mutual funds have a lock-in period of three years, which is the shortest among all tax-saving investment options under Section 80C of the Income Tax Act. This means that you cannot redeem your ELSS investment three years from the date of investment. However, after the completion of the lock-in period, you can redeem your investment or continue to hold it for the long term.   How to invest in ELSS mutual funds online?   You can invest in ELSS mutual funds online through various platforms such as the fund house website, online brokers, and mutual fund aggregators. You need to complete the KYC process and have a bank account to invest in mutual funds online. KYC stands for "Know Your Customer," which is a process of verifying the identity and address of an investor. You can complete the KYC process online or offline by submitting the required documents.   Disclaimer:This is not recommendation advice, use it for educational purposes only. Mutual Fund investments are subject to market risks, read all scheme-related documents carefully. The NAVs of the schemes may go up or down depending upon the factors and forces affecting the securities market including the fluctuations in the interest rates. The past performance of the mutual funds is not necessarily indicative of the future performance of the schemes.

An education loan is a great means to end a dream college! It can enable you or your child to attend their dream university or course. Kickstart their careers. While it is a great medium for securing your end goal it requires planning and systematic payoffs. Paying off your education loan on time can  raise your credit score, save better and work towards different financial goals.     Paying off a loan is a process and here are some tips on how to pay off your education loan:   1. Read the fine print   No one likes to read the paperwork involved in securing a loan but it's highly important. This fine print can tell you when you have to start paying back right after the course or after securing a job. Knowing when you have to start paying the EMIs can help you budget and prioritize your expenses.   Fine print discusses your loan interest rate, duration, penalties, and tenure period. It can tell you whether you need to attach collateral, benefits, and the payment plan.  Before signing up for a loan understand the conditions and prepare yourself to repay it.    2. Plan for repayment  Once you know the terms and conditions of your loan agreement, you can start formulating a repayment plan. Education loans require you to start paying after completing the course or securing a job, but planning should not wait that long. Once you know the amount you have to pay back monthly, start thinking about you will manage it. Find out how much you need to save in order to make timely payments. Consider lifestyle changes and even cutbacks to ensure your financial freedom is not compromised.   Having a proactive repayment plan can bring financial discipline, help you prepare for future financial goals, and budget your expenses with ease.   3. Consider part-time jobs   If you want to pay off your education loan faster or save up extra for the future then part-time jobs, passive sources of income, paid- internships, freelancing, or making reels can help. The world is teeming with opportunities where you can earn extra, save for future repayments, and hopefully, get paid off your education loan faster.   You can also save up through discounts, budgeting well, looking for shared apartments, going for homecooked meals, seeking scholarships and stipends to help sustain your everyday expenses, or saving for the future.    4. Budgeting and saving are important    A monthly Netflix subscription costs around Rs.800, which is Rs.9,600 for the entire year. Without budgeting, you won’t realize how much you are spending and where this money is going. Rather than spending without care plan your expenses, and set aside a portion of your savings for investing. This fund of savings can reduce the stress and burden of repaying the loan when you are looking for a job after graduation.    5. Know tax deductions   Education loans allow for tax deductions under Section 80E of the Income Tax Act. Deductions can be claimed by the person who is repaying the loan - a parent, guardian, or spouse of the student. Talk to your financial advisor and get the full benefit of tax deductions on your education loan. 6. Loan transfer at a lower interest rate  A loan transfer can cut down the cost then go for it. This can help you save on the generated interest and make more affordable EMIs.  Before opting for a lower interest rate, read the fine print and find out the extra costs and fees to have your loan transferred from one lender to another. Only opt for the transfer if it makes up for the difference.   Taking an education loan is a huge responsibility and its repayment requires heavy financial planning. By following these tips, you can easily plan your repayment installments and make your life easier and stress-free!  FAQs What is the best way to repay an education loan?  Ans. The best way to repay an education loan is to make timely and consistent payments. Create a budget, consider income-driven plans if applicable, and explore options like refinancing or loan forgiveness programs.  Can I pay off my education loan early?   Ans. Yes, you can typically pay off your education loan early. Check your loan terms for any prepayment penalties, and if there are none, making early payments can save you interest.  What is the smartest way to pay student loans?   Ans. The smartest way to pay student loans is to prioritize them in your budget, pay more than the minimum, when possible, explore refinancing options, and take advantage of loan forgiveness programs if eligible. 

Investing 10 lakhs for one year can be a challenging task that requires careful consideration of various factors, such as risk appetite, investment goals, and expected returns. It's crucial to make informed investment decisions that align with your financial objectives and tolerance for risk. In this comprehensive article, we will delve deep into the world of investment options available in India and explore the best ways to invest 10 lakhs for a one-year period. By understanding the pros and cons of each option, you can make well-informed decisions that optimize your investment potential while mitigating risks. https://www.youtube.com/watch?v=l8Hyb77tkM8 INR 10 Lakhs Investment Plan | 1-Year Guide 1. Fixed Deposits (FDs) Fixed deposits are a reliable and widely popular investment option due to their safety and stability. With FDs, you can deposit a lump sum amount for a fixed tenure and earn a predetermined interest rate. The interest rates offered by banks typically range from 4% to 6%, providing a predictable return on your investment. FDs are an ideal choice for conservative investors who prioritize capital preservation and a guaranteed return on their investment. Furthermore, they offer the convenience of easy liquidity, allowing you to access your funds when needed. How to Invest INR 500 for Child Education every month? Read More 2. Recurring Deposits (RDs) Similar to fixed deposits, recurring deposits allow you to invest a fixed amount every month for a predetermined period. RDs offer similar interest rates as FDs, making them suitable for individuals who want to build a habit of regular savings. This investment option is particularly appealing to those with a steady income who prefer a disciplined approach to investment. By contributing a fixed amount regularly, you can accumulate a sizeable corpus over time while enjoying the benefits of compounded returns. 3. Public Provident Fund (PPF) The Public Provident Fund (PPF) is a long-term investment option that not only offers attractive interest rates but also provides tax benefits under Section 80C of the Income Tax Act. Currently offering an interest rate of 7.1%, the PPF comes with a lock-in period of 15 years. It is an excellent choice for investors seeking a safe and secure investment avenue that can also help in building a retirement corpus. The PPF provides the advantages of compounding and tax-free returns, making it an appealing option for long-term wealth creation. https://www.youtube.com/watch?v=tdwqQH0xkFw 4. Equity-Linked Savings Scheme (ELSS) The Equity-Linked Savings Scheme (ELSS) is a tax-saving mutual fund that primarily invests in equities. ELSS offers investors the dual benefit of potential capital appreciation and tax deductions under Section 80C. However, it is important to note that ELSS comes with a lock-in period of three years, making it suitable for individuals with a higher risk appetite and a long-term investment horizon. ELSS investments expose you to the volatility of equity markets, but historically, they have delivered attractive returns over the long run. Careful selection of ELSS funds and a systematic investment approach can help you navigate market fluctuations effectively. 5. Mutual Funds Mutual funds have gained significant popularity in recent years due to their ability to provide diversification and professional management. Mutual fund investments help you gain exposure to a portfolio of stocks, other securities, and bonds, which decrease the risk associated with investing in individual assets. Mutual funds offer various categories, such as large-cap, mid-cap, small-cap, debt, and hybrid funds, catering to different risk profiles and investment objectives. Mutual fund investments allow you to benefit from the expertise of professional fund managers and leverage their in-depth market research. 6. Gold Gold has long been considered a traditional safe-haven investment option, providing a hedge against inflation and economic uncertainties. Investors can choose to invest in gold exchange-traded funds (ETFs), physical gold,  or sovereign gold bonds. The returns on gold are influenced by international gold prices, making it subject to price fluctuations. Gold serves as a diversification tool in an investment portfolio and is suitable for those seeking stability and protection against market volatility. Additionally, gold investments offer the flexibility to convert your holdings into cash easily when required. 7. Real Estate Real estate investments offer the potential for long-term returns and act as tangible assets. Investing in residential or commercial properties can provide rental income and capital appreciation over time. However, real estate investments require significant capital and can be illiquid. It is essential to carefully evaluate factors such as location, market conditions, and legal compliance before venturing into real estate. Real estate can be a viable option for investors seeking a long-term investment avenue and are willing to take on the responsibilities associated with property ownership. Talk To An Expert

Ivy League universities also offer various forms of financial support to international graduate students, including teaching and research assistantships, fellowships, and other forms of funding. However, the availability and amount of support may vary by program and institution. The Ivy League universities offer various types of scholarships to international students, which may include the following: Need-Based Financial Aid: Ivy League universities offer need-based financial aid to international students who demonstrate financial need, which is determined by the student's family income, assets, and other factors. Need-based aid can cover tuition, room and board, books, and other expenses. The amount of aid awarded to international students can vary depending on the institution and the student's financial circumstances. For example, in the 2020-2021 academic year, Princeton University provided need-based financial aid to 1,056 international undergraduate students, with an average award of $72,000. Columbia University provided need-based aid to 1,186 international undergraduate students, with an average award of $60,000. Merit-Based Scholarships: Ivy League universities may also offer merit-based scholarships to those international students who successfully manage to demonstrate exceptional academic achievement or other outstanding talent, such as in athletics, the arts, or community service. Merit-based scholarships can cover full or partial tuition and can also include additional benefits such as research opportunities, mentorship, and other forms of support. For example, in the 2020-2021 academic year, Harvard University awarded 22 undergraduate scholarships to international students, with an average award value of $68,000. These scholarships are given to those who show excellent academic achievement, leadership qualities, and personal character. Athletic Scholarships: Ivy League universities offer athletic scholarships to international students who excel in sports, although the scholarships are limited in scope. Ivy League institutions do not offer full-ride athletic scholarships and instead provide need-based financial aid to student-athletes. Research and Teaching Assistantships: Ivy League universities may offer research and teaching assistantships to international graduate students, which provide funding for tuition and living expenses in exchange for research or teaching work. These positions can be highly competitive and are often awarded based on academic achievement and research potential. For example, in the 2020-2021 academic year, Yale University's Graduate School of Arts and Sciences provided teaching assistantships to 551 international graduate students with an average stipend of $28,830. Columbia University's Graduate School of Arts and Sciences provided research assistantships to 1,147 international graduate students, with an average stipend of $33,000. Fellowships: Ivy League universities may also offer fellowships to international graduate students to support their research or academic pursuits. Fellowships can provide full or partial tuition coverage, as well as other benefits such as funding for research or travel. Fellowships are often awarded based on academic achievement, research potential, and other factors such as diversity and inclusion. For example, in the 2020-2021 academic year, Brown University awarded fellowships to 26 international graduate students, with an average stipend of $31,000. These fellowships are intended to support graduate students in their research and academic pursuits. It's important to note that the availability and amount of financial aid and scholarships can vary from institution to institution and from year to year. International students should research each institution's specific financial aid policies and scholarship offerings and plan to apply early and thoroughly to maximize their chances of receiving support. Approaching education counselors from Edufund can be an excellent way for international students to get the help they need to draft a strong application and apply for scholarships at Ivy League universities. Ivy League universities offer various types of financial aid and scholarship opportunities to international students, including those from India. These opportunities can help alleviate the financial burden of attending a prestigious institution and can open doors to valuable academic and personal experiences. It's important for international students to research each institution's specific financial aid policies and scholarship offerings and plan to apply early and thoroughly to maximize their chances of receiving support. While competition for financial aid and scholarships can be fierce, students who demonstrate exceptional academic achievement, leadership skills, and personal character may be eligible for a range of opportunities to support their education and career goals. Ultimately, studying at an Ivy League university can be a life-changing experience for international students, offering access to world-class faculty, cutting-edge research, and a diverse and stimulating community. With the right preparation and support, international students can thrive at these institutions and make lasting contributions to their fields and communities. Talk To an Expert

In the previous article, we discussed whether can you really do an MBA in the UK for under 25 lakhs. In this article, we will discuss the cost of studying law and some law scholarships that can help you! Scholarships are an essential form of financial assistance when it comes to higher education. But can scholarships alone cover the tuition fees and living costs for your child’s law degree?   Let’s see!  The average cost of studying law in India is Rs. 1 lakh to Rs. 2 Lakh per annum while pursuing a law degree abroad is close to $30,000 - $40,000 (Rs. 24- 32 lakhs). Considering most scholarships cover a portion of your fees or living expenses, it is safe to say that relying on a scholarship can be tough. Let’s explore this by diving deeper into the cost of studying law. Cost of Studying Law   The cost of studying law greatly differs based on the country and university. It ranges anywhere between Rs. 1 lakh to 20 lahks per annum. Pursuing law in India is relatively affordable when compared to countries like USA, UK, and Canada. Here are some reasons why studying is cheaper in India:  International students are charged a higher fee than national students which increases the cost of tuition fees  The cost of living is relatively higher in the USA, UK, and other countries than in India.   Rupee depreciation directly affects your budgeting and the everyday cost of living for your child in a foreign. If the rupee falls against the dollar, the prices of different commodities rise, making everyday goods more expensive for students on a tight budget.  There are miscellaneous costs like Visa costs, flight expenses, health insurance, travel insurance, etc can be omitted if your child decides to study in India.   Note: Even though the cost of education is higher abroad, there are multiple perks as well. Countries like UK and the USA are known for their law schools and exceptional ROI. They are home to universities like Oxford, Cambridge, Harvard, and Yale which are highly competitive when it comes to their law programs. Apply for Scholarship Types of scholarships Scholarships your child can consider for their law degree:  Merit-Based Scholarships  These scholarships are primarily based on your academic performance, LSAT score, and undergraduate GPA. These scholarships are given to second and third-year students after their excellent performance in the first academic year. Hence, your child cannot rely on this scholarship for their entire degree. You may have to pay tuition fees in the first year.  Criteria-Based Scholarships  In criteria-based scholarships, the university sets criteria for students. If the students fall within the bars or follow the mentioned guidelines, they can avail the benefits of the scholarship. Quite a few times, these scholarships come from external sources. Universities often try to encourage students to take a particular course by providing them with scholarships. In this case, you cannot be assured that the university will give your child a full-ride scholarship. It would help if you were keeping a proper budget in this scenario.  Endowed Scholarships  Endowed scholarships are somewhat related to criteria-based scholarships, except that the criteria are set by a specific donor responsible for creating the required qualifications. Usually, these requirements are for students into some particular activity or degree.  Local Scholarships  There are certain institutions or organizations which provide scholarships based on a variety of qualifications and amounts. It would help if you did proper research to get the details of these organizations. Their main aim is to attract students to take a specific particular or help talented, underprivileged students get into the desired course. The government also plays an essential part in this type of scholarship. It would help if you researched different scholarship programs offered by the government. If you land on one of them, you can be assured that you will not have to pay a single penny for your education.   Can law scholarships cover the cost of studying?  There are many scholarships for law; some are offered by universities, government, or local entities.  In India, there are scholarships like the Aditya Birla Group scholarships for a law that have rewards up to Rs 1,80,000 per annum and the Post-Matric Scholarship for Minorities with a reward of Rs 20,000 per month, including their tuition fees. These rewards can help your child cover a significant part of their expenses.    A popular and prestigious law scholarship is the Rhodes Scholarship for Oxford University. Being the most rewarding scholarship, it still does not provide a free- educational experience. Students have to cover their living costs and accommodation on their own.   While winning a law scholarship is financially helpful it may not be enough to cover your child’s entire law degree. The easy solution to this problem is to create a college fund for your child’s higher education. By calculating the future cost of studying a course using a college cost calculator and saving in multiple instruments like Mutual Funds, Digital Gold, or US ETFs, you can help your child argue their way into a law career! FAQs What is the cost of studying law in India? The cost of studying law greatly differs based on the country and university. It ranges anywhere between Rs. 1 lakh to 20 lahks per annum. Pursuing law in India is relatively affordable when compared to countries like USA, UK, and Canada. Can law scholarships cover the cost of studying?  There are many scholarships for law; some are offered by universities, government, or local entities.  In India, there are scholarships like the Aditya Birla Group scholarships for a law that have rewards up to Rs 1,80,000 per annum and the Post-Matric Scholarship for Minorities with a reward of Rs 20,000 per month, including their tuition fees. These rewards can help your child cover a significant part of their expenses.    Which universities offer scholarships for law? UCLA School of Law Duke Law School New York University Law School The University of Pennsylvania Law School Boston University Law School The University of Virginia Law School Arizona State University Law School The University of Texas Law School

Inflation affects the cost of everything, from basic goods like edible oil, crude oil, and vegetables to big events like education, foreign trips, or property rates.    This year, inflation reached its all-time high at 7% and has maintained that record over the past 3 months. This means your savings need to beat the rising inflation rate before inflation beats your savings.   To protect your savings from inflation, you need to consider multiple investment instruments. Relying on fixed deposits, land or gold alone is not enough. Beating inflation requires a financial plan that distributes your money wisely across different saving and investing options. It allows your money to work in different areas – like mutual funds, bonds, PPF, Digital Gold, ETFs, and much more.   How can the average Indian investor beat inflation?  By gaining financial knowledge and opening up to investment, risk, and newer opportunities, the average Indian can beat inflation. If you are a young adult in your 20s, then saving in FDs or stashing your money in a savings account is not enough. You need to start exploring different alternatives that can benefit from the power of compounding and help you create a corpus for future needs.   Savings accounts in most banks offer a 2% annual rate while 5-6% interest rates on fixed deposits. These interest rates fail to compete with the growing inflation rate of 7%. Thus, by saving on these instruments, you are likely to reduce your purchasing power and lose money rather than gain from them!  Ways to protect your savings from inflation   1. Manage your expenses  Budgeting is the only way to ensure you don’t overspend or live paycheck to paycheck. Your cost of living should be less than your monthly income so that you can invest or save a part of your income. By budgeting, you may be able to spare a bigger portion for this cause. Tips to manage your expenses-   Follow your expenses carefully   Pay bills and EMIs on time to avoid penalties  Go for cheaper alternatives for food, clothes, and gadgets  Cutback on eating out, unnecessary subscriptions   Develop productive habits   2. Look for long-term investing options  Domestic and international stocks, bonds, and equity funds offer great returns on your initial investment. Sometimes double the returns as opposed to FDs, gold, and even property. These investments are great for those who wish to remain invested for 10-15 years, maximize their gains, and allow the market to average out the risk and loss. The beauty of the share market is that in the long run, it corrects itself and rewards its oldest members.  3. Go beyond PPFs and FDs   Beating inflation means looking past PPFs and FDs, stocks, gold, and exchange-traded funds (ETFs), mutual funds can help you diversify your investment and savings. This does not mean that you need to break your FD or PPF plan, it means starting a small SIP for Rs. 1000 or more for mutual funds or ETF can help you save better and reap the benefits of compounding.   4. Invest in gold and real estate  Gold is a natural deterrent against inflation; the rise of gold rises with inflation which means gold will remain an ever-green investment as long as inflation is here. But don’t restrict yourself to physical gold, invest in digital gold, gold ETFs, and sovereign gold bonds.  Similarly, in real estate, the cost of the property rises as well as rent with inflation Thus, invest in property or through real estate investment trust (REITs).  5. Mutual funds and ETFs  A SIP as low as INR 500 can help you stay financially secure in the near future. There is a good reason behind the popularity of mutual funds and ETFs, these are great instruments for beginners as well as professionals. Mutual funds are managed by a fund manager who invests on your behalf. This means you get to protect your savings from inflation without any effort.   Don’t let inflation eat at your savings. Invest wisely and remember that the cost of commodities is only going to increase so should your savings. FAQs How do you stay ahead of inflation?   To stay ahead of inflation, consider investing in assets with returns that outpace inflation, such as stocks, real estate, or commodities. Diversify your portfolio to spread risk. Focus on long-term investments, maintain a budget, and periodically reassess your financial strategy to adapt to changing economic conditions.  How do you manage inflation times?  During inflation times, manage by diversifying investments, focusing on assets with historically inflation-resistant returns, and avoiding excessive cash holdings.  Where do I put my money during inflation?   During inflation, consider allocating your money to assets that historically perform well in such conditions, like equities, real estate, commodities, and Treasury Inflation-Protected Securities (TIPS). Diversify your investments to spread risk and preserve purchasing power. Avoid keeping excessive cash, as it may lose value during inflationary periods. 

The Indira Gandhi Single Girl Child Scholarship is a scheme that has been designed to promote gender equality and empower girls through education. The scholarship is an initiative that recognizes the struggles and challenges that girls face in pursuing higher education. It provides financial assistance to single girl children who wish to pursue higher education. The scholarship recognizes the importance of educating girls and empowering them to become self-reliant, independent, and contributing members of society. The scholarship is a means of encouraging girls to pursue their dreams. The scholarship has been designed to provide monetary support on a monthly basis for a period of two years to 3,000 girls from across the country every year. The scholarship amount is directly transferred into the awardee’s bank account, making it easy and convenient for the beneficiaries to access the funds. The scholarship amount of INR 3100 per month for 2 years, i.e., 10 months per year, covers the full duration of the postgraduate course to be pursued by the candidates. The scholarship provides not only financial support but also motivation and encouragement to girls who have the potential to excel in their chosen fields. The scholarship has the potential to transform the lives of thousands of girls across the country and pave the way for a more equitable and inclusive society. The scholarship also aims to promote gender equality and encourage families to educate their girl child. The scholarship is a step towards creating a more equitable and inclusive society where everyone has access to quality education and opportunities to succeed. The Truth about Winning Scholarship Read More The following awards are provided to the beneficiaries of this scholarship:- The single-girl child scholarship provides monetary support on a monthly basis for a period of two years to 3,000 girls from across the country every year. The scholarship amount is directly transferred into the awardee’s bank account. Also, the students need to submit a ‘Continuation Certificate’ at the end of every three months in the prescribed format. The chosen girl students receive a scholarship amount of INR 3100 per month for 2 years, i.e., 10 months per year, covering the full duration of the postgraduate course to be pursued by the candidates. The award is disbursed to students through the UGC-designated agency from the date of their joining the 1st year of the PG course. The awardees need to submit a copy of their award letter and joining report along with the photograph, address, and contact number to the designated agency. Eligibility Under the mentioned scholarship scheme, female students who do not have any brothers or who are twin or fraternal daughters can apply for the scholarship. However, if a family has one son and one daughter, the girl child will not be eligible for the scholarship. The scheme is open to girl students who are up to 30 years of age at the time of admission to PG courses. It is applicable only to single girl children who have been admitted to a regular, full-time first-year Master’s Degree program in a designated university or postgraduate college. Please note that the scholarship is available only to PG-I year students and does not apply to those enrolled in distance education programs. Fullbright Scholarship Program Read More Documents Required The following documents are to be submitted for this scholarship:- Students must require an Income Certificate and a Caste Certificate. Proof of admission is required. It is necessary to obtain the bank account information of both the educational institution and the student. The fee structure of the program. One copy of the passport-size photograph and signature of the student. Student Identity card An affidavit of ₹ 50 stamp paper from the parents/girl duly attested by the First Class Magistrate/ Gazetted Officer/ SDM mentioning that she is the only child in the family. Rhodes Scholarship Program Read More UGC may terminate the scholarship of any student in the case of the Misconduct of the awardees, if any, reported by the University/College/Institution. If a student in the first year of their Master's program receives a progress report indicating unsatisfactory performance (i.e. less than 60% marks for most students or less than 55% for physically challenged students), they may be considered at risk of losing their scholarship.  If a candidate is later found to be ineligible for the scholarship, they may face penalties and may be required to repay the entire amount of the scholarship that has already been paid to them. While initiatives like the Indira Gandhi Single Girl Child Scholarship are commendable, there is still a long way to go in terms of gender equality and access to education. It is important to continue to raise awareness about the importance of educating girls and to work towards creating a more inclusive and equitable society. By providing girls with the opportunity to pursue higher education, we are not only investing in their future but also in the future of our society as a whole. Conclusion Indira Gandhi Single Girl Child Scholarship is a significant step toward promoting gender equality and empowering girls through education. It provides financial assistance to single girl children who face financial constraints in pursuing higher education and encourages families to invest in the education of their daughters. The scholarship has the potential to transform the lives of thousands of girls across the country and pave the way for a more equitable and inclusive society. Talk To An Expert